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Download CGST Act with amendments, With FB 2021 updates

CGST Act amended till Fb 2021Changes introduced by FB- 2021

The changes introduced by the FB 2021 are also updated in this document. Major changes are done by FB 2021 are-

  • Section 7 is amended  to change the definition of supply
  • Amendment in section 16(2)
  • Section 35 is amended to remove GST audit
  • GST annual return section 44 is also amended
  • Amendment in section 50
  • Amendment in section 74
  • Amendment in section 75
  • Section 83 is amended
  • Section 107 is amended
  • Section 129, 130, 151, and 152 are also amended along with section 168 and schedule II

Related Topic:
Principle Governing Attachment of Property Under Section 83 CGST Act, 2017

CGST Act with amendments to date:

Two CGST Amendment Acts have been passed by parliament.  Our team has incorporated all those changes into the bare Act. This is a very useful PDF. All the sections are linked and every page has a link to the index. Please download the CGST Act with all amendments to date. It will include the following amendments.

  • CGST Amendment Act 2017.
  • CGST Amendment Act 2018.
  • Changes proposed by finance bill 2019
  • ROD’s issues by CBIC and incorporated into the CGST Act.

CGST Act amended With Notification(14.08.2020)

Related Topic:
Summons, Cross-Examination, And Arrest, Under CGST Act, 2017

CGST Act With FB 2021(1.02.2021)

CGST Act

 

Related Topic:
TAXABILITY OF TDR ON OR AFTER 01.04.2019

The following chapters as amended are included here.

Chapter I: PRELIMINARY

The main modifications were in the definition of Services, adjudicating authority, business. The definition of a business segment is removed from CGST Act.

Chapter II: ADMINISTRATION

No major changes are made in this part.

Chapter III: LEVY AND COLLECTION OF TAX

The definition of supply is changed retrospectively. Now schedule II is only for deciding the nature of supply.

Chapter IV: TIME AND VALUE OF SUPPLY

Related Topic:
Interplay of Section 129 & 130 of CGST Act

A minor change is there in time of supply of goods and services. Earlier it mentioned section 31(1). Now that (1) is removed.

Chapter V: INPUT TAX CREDIT

Section 16: Now the provision of constructive delivery of services is also inserted.

Section17(3): It is specifically mentioned that the transaction mentioned in schedule III will not form part of the exempted supply.

Section 17(5): Provision related to blockage of ITC on the motor vehicle are revamped. Now they are much simple. Ambiguity related to insurance, maintenance, and repair of the motor vehicle is removed.

Related Topic:
Finance Bill, 2021 receives the assent of the President: When would the GST related amendments become effective?

Chapter VI: REGISTRATION

Some minor changes are there in sections 22 and 24.

Chapter VII: TAX INVOICE, CREDIT, AND DEBIT NOTES

Now one credit note for various invoices and vice versa is possible.

Chapter VIII: ACCOUNTS AND RECORDS

No major changes are there.

Chapter IX: RETURNS

The new scheme of return will be introduced soon. No major changes are there.

Related Topic:
Analysis of Section 140(3) of CGST Act

Other chapters:

Chapter X: PAYMENT OF TAX

ChapterXI: REFUNDS

Chapter XII: ASSESSMENT

ChapterXIII: AUDIT

Chapter XIV: INSPECTION, SEARCH, SEIZURE, AND ARREST

ChapterXV: DEMANDS AND RECOVERY

Chapter XVI: LIABILITY TO PAY IN CERTAIN CASES

ChapterXVII: ADVANCE RULING

Chapter XVIII: APPEALS AND REVISION

ChapterXIX: OFFENCES AND PENALTIES

Chapter XX: TRANSITIONAL PROVISIONS

ChapterXXI: MISCELLANEOUS

You can download this PDF. It will be really helpful to get all the changes in one place. We have also added the notifications to it. It is quite easy to refer to relevant notification.

Profile photo of CA Shafaly Girdharwal CA Shafaly Girdharwal

CA

New Delhi, India

CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.

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